Associated PressFrom left, Raymond Felton, Wilson Chandler, Toney Douglas and Amar'e Stoudemire celebrate in the final minutes of the Knicks' 128-115 victory over the San Antonio Spurs.

"Basketball is back at Madison Square Garden."

That's the refrain we've heard around New York this season as the reshaped New York Knicks, under the on-court leadership of amazing big man Amar'e Stoudemire, emerged from years of futility to respectability, if not actual excitement.

But how good the Knicks actually are this season has been a point of debate.

Yes, they gave the Boston Celtics all they could handle before falling a tenth of a second short of the upset.

But they took it on the chin from LeBron James and his so-called Miami Heatles on two occasions.

Well, last night the Knickerbockers took the big dog down.

Led by a season-high 31 points from forward Wilson Chandler, New York stunned the San Antonio Spurs -- who entered the game with an NBA-best 29-4 record -- with a 128-115 thrashing so decisive, Spurs coach Gregg Popovich pulled his stars.

So the question today is: Do you believe now?

How good are the Knicks? How far can they go this season? Or what do you think they still need to join the league's elite?